• Home
  • Analytics
  • Market News

Market news

22 April 2019
  • 12:33

    Asia likely to see growth recovery in the second half of 2019 - analysts

    Analysts at ANZ Group see further signs that the current growth slowdown in Asia may be close to a trough.

    • China’s Q1 GDP growth has beat expectations but more importantly, the activity indicators for March showed improving momentum. Across the region, export data for March has been mixed so far, but the latest PMI new export orders point to a likely improvement in the months ahead.
    • A key leading indicator for the global technology cycle is pointing towards a rebound, which would bode well for Asia’s exports. These signs, alongside our view that there would be further monetary stimulus from some central banks in the region, will help secure a growth recovery in the second half of 2019.

  • 12:30

    U.S.: Chicago Federal National Activity Index, March -0.15 (forecast 2.55)

  • 11:56

    Earnings Season in U.S.: Major Reports of the Week

    April 23

    Before the Open:

    Coca-Cola (KO). Consensus EPS $0.46, Consensus Revenues $7892.67 mln

    Procter & Gamble (PG). Consensus EPS $1.04, Consensus Revenues $16365.65 mln

    Twitter (TWTR). Consensus EPS $0.15, Consensus Revenues $774.82 mln

    United Tech (UTX). Consensus EPS $1.72, Consensus Revenues $18010.52 mln

    Verizon (VZ). Consensus EPS $1.16, Consensus Revenues $32136.76 mln

    After the Close:

    eBay (EBAY). Consensus EPS $0.63, Consensus Revenues $2580.74 mln

    Snap (SNAP). Consensus EPS -$0.12, Consensus Revenues $306.24 mln

    April 24

    Before the Open:

    AT&T (T). Consensus EPS $0.87, Consensus Revenues $45204.80 mln

    Boeing (BA). Consensus EPS $3.26, Consensus Revenues $23189.02 mln

    Caterpillar (CAT). Consensus EPS $2.87, Consensus Revenues $13356.50 mln

    After the Close:

    Facebook (FB). Consensus EPS $1.63, Consensus Revenues $14965.81 mln

    Microsoft (MSFT). Consensus EPS $1.00, Consensus Revenues $29859.42 mln

    Tesla (TSLA). Consensus EPS -$0.75, Consensus Revenues $5365.08 mln

    Visa (V). Consensus EPS $1.24, Consensus Revenues $5464.29 mln

    April 25

    Before the Open:

    3M (MMM). Consensus EPS $2.50, Consensus Revenues $8024.97 mln

    Altria (MO). Consensus EPS $0.93, Consensus Revenues $4599.52 mln

    Freeport-McMoRan (FCX). Consensus EPS $0.09, Consensus Revenues $3771.09 mln

    Int'l Paper (IP). Consensus EPS $0.93, Consensus Revenues $5734.70 mln

    Yandex N.V. (YNDX). Consensus EPS RUB18.53, Consensus Revenues RUB36179.02 mln

    After the Close:

    Amazon (AMZN). Consensus EPS $4.73, Consensus Revenues $59732.17 mln

    Ford Motor (F). Consensus EPS $0.27, Consensus Revenues $37378.21 mln

    Intel (INTC). Consensus EPS $0.87, Consensus Revenues $16030.13 mln

    Starbucks (SBUX). Consensus EPS $0.57, Consensus Revenues $6326.43 mln

    April 26

    Before the Open:

    Chevron (CVX). Consensus EPS $1.31, Consensus Revenues $37432.80 mln

    Exxon Mobil (XOM). Consensus EPS $0.74, Consensus Revenues $67354.44 mln

  • 11:24

    RBNZ unlikely to cut rates just once - ANZ

    Analysts at ANZ point out that the RBNZ has surprised investors with a shift towards an explicit easing bias at its March meeting and the market pricing shifted aggressively, with 50bps of cuts priced in by the end of 2019.

    • "Long-end yields have pre-empted a cut but we expect there will be another move lower once the first cut is delivered and markets open up to the possibility of a third. The Fed’s stance will likely cap any further upward moves in the long end, while there may be a brief repricing at the short end of the New Zealand curve following the RBNZ’s May meeting.”

  • 10:54

    New Zealand's near-term outlook downgraded at ANZ

    Analysts at Australia and New Zealand Banking Group (ANZ) suggest that the New Zealand economy has been evolving broadly as expected, but softening near-term indicators have led them to lower the near-term outlook.

    • Economic tailwinds are blowing a little more softly than they once were, and that’s being reflected in waning capacity pressures.
    • We have brought our OCR cut call forward, with a 25bp cut penciled in for August (previously November), and two follow-up moves in November and February. With the RBNZ now expected to come to the party a little earlier than we previously thought, it shouldn’t be long before the economy gets the stimulus it needs to push economic activity back into the inflation-building territory.
  • 10:25

    Investors betting on vigorous recovery in China's growth likely to be disappointed – Capital Economics

    Neil Shearing, Group Chief Economist at Capital Economics says that the latest set of economic figures from China suggests that the economy has begun to find its feet.

    • Last week’s release of activity data for March showed that, having slowed for the best part of a year, conditions in the world’s second-largest economy are now starting to improve. This follows an improvement in March’s trade data (released earlier this month) and, before that, a rebound in China’s manufacturing PMIs.
    • All of this reinforces a point that our China team has been making for a while – namely that policy support would ultimately put a floor under the slowdown in growth that began in mid-2018.
    • Policymakers in Beijing are more cognisant now than in the past of financial vulnerabilities stemming from rising debt levels. Accordingly, the scale of policy stimulus this time has been much smaller than in previous downturns. Beijing has done enough to stabilize the economy but investors betting on a vigorous recovery in growth are likely to be disappointed.

  • 09:56

    Case for RBA to rate cut remains thin - ANZ

    Analysts at ANZ believe the build-up to the May RBA meeting will reach a crescendo in the coming weeks as the CPI looms large.

    • With our expectation of a +0.4% we think that the case for a RBA cut remains thin, However, there will be little tolerance for any weakness, and we think that a core print in the realms of a +0.2% q/q could trigger an easing from the RBA. Should the CPI print as we expect, the AUD will likely push higher as easing expectations are unwound.
    • For this strength to be sustained however, we would need to see the recent green shoots in the Australian economy sustaining. In this light, building approvals, PMIs, consumer confidence and private sector credit will be in focus.

  • 09:39

    BoJ’s monetary policy decisionin the limelight this week - NBF

    Analysts at National Bank Financial note it will be a busy week for the markets, particularly in Japan with the release of March data on employment, industrial output, retail spending and corporate prices.

    • “The Bank of Japan’s monetary policy decision will also be closely watched, especially after recent comments from Governor Haruhiko Kuroda that the BoJ has the capability to loosen policy further if needed.”
    • “In Europe, a holiday-shortened week will feature potentially market-moving data including the eurozone’s consumer confidence index and Germany’s IFO index for April.”

  • 08:59

    Half of economists now expect BOJ's next move to be more easing - survey

    About half of economists now expect the Bank of Japan’s next policy move to be monetary easing, including three who see it coming this week, according to a Bloomberg survey.

    The other 45 of 48 economists surveyed said they expected the BOJ to leave its policy settings unchanged at a two-day meeting ending April 25. The number of economists predicting further easing from the BOJ has risen sharply in recent months, from 14% in December to 48% this month, as economic growth has slowed and inflation sagged. In April 2018, more than 90% said the next move would be tightening.

  • 08:40

    All eyes on Bank of Canada this week - NBF

    National Bank Financial’s analysis team suggests that in Canada, the central bank will take center stage this week as in addition to Wednesday’s interest rate announcement, the Bank of Canada will also release its Monetary Policy Report showing its latest economic projections.

    “Nobody should be surprised if the BoC’s 2019 GDP growth forecast for Canada is downgraded a tick or two from last January’s estimate of 1.7%, courtesy of a weaker-than-expected handoff from last year i.e. 2018Q4. The Bank’s updated estimates of potential GDP will also be important given their implications for the estimation of the output gap. How dovish will the central bank be in its statement? Probably not too much, especially if it wants markets to reconsider any remaining expectations of rate cuts this year. While data hasn’t been stellar lately, there is reason to believe a rebound is in the works after the 2018Q4-2019Q1 slowdown, especially considering the rise of oil production and prices since then. As such, we expect the central bank to remain in pause mode and reiterate the need to maintain the overnight rate below its neutral range.”

  • 08:19

    Positive on gold, mixed outlook for oil – ABN AMRO

    ABN AMRO analysts are expecting an average Brent oil price of $70/bbl in 2019 and suggest that from current levels, both upside and downside risks are emerging.

    “Downside risks contain Trump’s comments towards OPEC to rise production and cap the oil price. Upside risks are due to a possible final trade agreement between US and China as well as the insufficient level of investments in future exploration of – mainly – heavy sour oil. We remain positive on gold prices. First of all, our expectations of a weaker US dollar will lift price. Also, a less hawkish central banks and a more constructive outlook on the Chinese yuan will be supportive. And finally, the positive technical picture is also positive for price.”

  • 08:00

    China says consistently opposes unilateral U.S. sanctions on Iran

    China consistently opposes unilateral U.S. sanctions against Iran, the Chinese foreign ministry said amid reports that Washington is expected to announce that buyers of Iranian oil must halt imports soon or face sanctions.

    Ministry spokesman Geng Shuang said China's bilateral cooperation with Iran was in accordance with the law.

    China is a major importer of Iranian oil and was one of eight buyers who were granted a waiver by the United States to continue buying Iranian oil.

  • 07:40

    Focus on US GDP this week – NBF

    According to analysts at National Bank Financial, in the US this week, we’ll get Q1 GDP results on Friday and will be a key macro release.

    “A moderation in growth from the prior quarter – recall the +2.2% growth print in 2018Q4 - is in the cards. That’s because of a likely drag from destocking after inventory accumulation last year. Trade probably contributed to Q1 growth thanks to rising exports and declining imports. Business investment spending may also have boosted growth based on rising shipments of non-defense capital goods excluding aircraft, a reasonably good proxy. But consumption spending growth seems to have lost steam based on retail results during the quarter. Overall, we expect GDP growth of around 1.5% annualized in the first quarter. We’ll get more information about the handoff to Q2 thanks to March data.”

  • 07:20

    UK PM May to be told to quit by top Conservative - Sunday Times

    A top member of Prime Minister Theresa May’s Conservative Party will tell her in the coming week that she must step down by the end of June or her lawmakers will try again to depose her, the Sunday Times reported, without citing sources.

    May survived a vote of no confidence in December and although party rules mean lawmakers cannot challenge her again until a year has passed, lawmaker Graham Brady will tell her the rules will be changed unless she quits, the newspaper said.

    Brady, who chairs the Conservative Party’s influential 1922 Committee of backbench lawmakers, will tell her that 70% of her members of parliament want her to resign over her handling of Brexit, the Sunday Times said.

  • 07:00

    Gold will break out of slump and test 2018 highs - expert

    With gold prices sinking to 2019′s lowest level last Thursday, Standard Chartered’s Suki Cooper believes they’re closing in on oversold territory. One of her key assumptions: The Fed its interest rate hike policy on hold through next year.

    “The Fed will be on hold in 2019 [and] 2020 as it prepares its tools for the next downturn which is likely to come in 2021,” the firm’s executive director of precious metals research told.

    Plus, Cooper notes gold follows a historical pattern that leads to higher prices when the Fed puts the breaks on a hiking cycle and even went on to cut rates. Cooper suggests central bank buying and increasing demand from China and India will also likely to support gold prices at higher levels versus 2018. She expects the yellow metal to test last year’s closing high of $1362 in the final three months of the year.

  • 06:40

    Spain's Socialists increase their electoral advantage - poll

    Spain’s Socialists increased their lead in a poll published in newspaper ABC that gave them 31.5% of votes, but fell short of a majority ahead of a general election on April 28.

    It is the third poll in two days that shows the Socialists expanding their advantage, and forecasting that a coalition of three right-wing parties - People’s Party (PP), Ciudadanos and far-right Vox - would not get enough seats to form a parliamentary majority.

    Socialist Pedro Sanchez could be reelected as prime minister if he forms a coalition with the support of at least two of the array of parties - far-left Podemos and a Catalan pro-independence group -  according to the ABC poll. But it also showed that 33% of voters have not decided who they will vote for next Sunday.

  • 06:20

    Eurozone: wide spread slowdown – BNP Paribas

    According to analysts at BNP Paribas, Eurozone’s slowdown is becoming increasingly evident, especially in the German economy, which has suffered from one-off factors but also from a slowdown of exports to China.

    “Capacity constraints also play a role. Business climate in the manufacturing sector continues to decline. Italy has now entered a technical recession with quarterly growth negative in the third and fourth quarter of 2018. Inflation is now expected to decrease following the past drop in the oil price, while core CPI is hardly moving. The activity slowdown also implies that the pick-up in core inflation should be slower than expected until recently. We do not expect the ECB to move rates this year.”

  • 05:59

    U.S. prepares to end exemptions on Iran sanctions

    The US is expected to announce on Monday that buyers of Iranian oil need to end imports soon or face sanctions, a source familiar with the situation told Reuters, triggering jump in crude prices to their highest for 2019 so far.

    The source confirmed a report by the Washington Post that the administration will terminate the sanctions waivers it granted to some importers of Iranian oil late last year.

    U.S. President Donald Trump wants to end the waivers to exert "maximum economic pressure" on Iran by cutting off its oil exports and reducing its main revenue source to zero.

  • 05:11

    Options levels on monday, April 22, 2019


    Resistance levels (open interest**, contracts)

    $1.1407 (4986)

    $1.1365 (3816)

    $1.1308 (285)

    Price at time of writing this review: $1.1237

    Support levels (open interest**, contracts):

    $1.1225 (3238)

    $1.1208 (1831)

    $1.1188 (2885)


    - Overall open interest on the CALL options and PUT options with the expiration date May, 3 is 76684 contracts (according to data from April, 18) with the maximum number of contracts with strike price $1,1500 (5748);


    Resistance levels (open interest**, contracts)

    $1.3303 (2302)

    $1.3208 (2240)

    $1.3125 (1524)

    Price at time of writing this review: $1.2992

    Support levels (open interest**, contracts):

    $1.2951 (1838)

    $1.2920 (1547)

    $1.2882 (2031)


    - Overall open interest on the CALL options with the expiration date May, 3 is 24272 contracts, with the maximum number of contracts with strike price $1,3500 (2445);

    - Overall open interest on the PUT options with the expiration date May, 3 is 22915 contracts, with the maximum number of contracts with strike price $1,2600 (2559);

    - The ratio of PUT/CALL was 0.94 versus 0.93 from the previous trading day according to data from April, 18

    * - The Chicago Mercantile Exchange bulletin (CME) is used for the calculation.

    ** - Open interest takes into account the total number of option contracts that are open at the moment.

  • 00:30

    Stocks. Daily history for Friday, April 19, 2019

    Index Change, points Closed Change, %
    NIKKEI 225 110.44 22200.56 0.5
    KOSPI 2.38 2216.15 0.11
  • 00:15

    Currencies. Daily history for Friday, April 19, 2019

    Pare Closed Change, %
    AUDUSD 0.71478 -0.02
    EURJPY 125.775 0.02
    EURUSD 1.12408 0.09
    GBPJPY 145.339 -0.05
    GBPUSD 1.29789 -0.08
    NZDUSD 0.6682 0.08
    USDCAD 1.33886 0.06
    USDCHF 1.01402 -0.11
    USDJPY 111.906 -0.06
22 April 2019
Market Focus

Material posted here is solely for information purposes and reliance on this may lead to losses. Past performances are not a reliable indicator of future results. Please read our full disclaimer.

Open Forex Demo Account & Personal Page
I understand and accept the Privacy Policy and agree to my name and contact details being used by TeleTrade to contact me about this.
37 International Awards
Have a question?

We are ready to assist you in every step of your trading experience
by providing 24/5 multilingual customer support.

Follow us

Risk Warning: Trading Forex and CFDs on margin carries a high level of risk and may not be suitable for all investors. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 70% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Prior to trading, you should take into consideration your level of experience and financial situation. TeleTrade strives to provide you with all the necessary information and protective measures, but, if the risks seem still unclear to you, please seek independent advice.

© 2011-2018 TeleTrade-DJ International Consulting Ltd

TeleTrade-DJ International Consulting Ltd is registered as a Cyprus Investment Firm (CIF) under registration number HE272810 and is licensed by the Cyprus Securities and Exchange Commission (CySEC) under license number 158/11.

The company operates in accordance with Markets in Financial Instruments Directive (MiFID).

The content on this website is for information purposes only. All the services and information provided have been obtained from sources deemed to be reliable. TeleTrade-DJ International Consulting Ltd ("TeleTrade") and/or any third-party information providers provide the services and information without warranty of any kind. By using this information and services you agree that under no circumstances shall TeleTrade have any liability to any person or entity for any loss or damage in whole or part caused by reliance on such information and services.

TeleTrade cooperates exclusively with regulated financial institutions for the safekeeping of clients' funds. Please see the entire list of banks and payment service providers entrusted with the handling of clients' funds.

Please read our full Terms of Use.

To maximise our visitors' browsing experience, TeleTrade uses cookies in our web services. By continuing to browse this site you agree to our use of cookies. If you disagree, you may change your browser settings at any time. Read more.

TeleTrade-DJ International Consulting Ltd currently provides its services on a cross-border basis, within EEA states (except Belgium) under the MiFID passporting regime, and in selected 3rd countries. TeleTrade does not provide its services to residents or nationals of the USA.